Litecoin (LTC) Up $0.08 in Last 4 Hours, Entered Today Up 2.35%; in a Downtrend

Litecoin 4 Hour Price Update

Updated August 29, 2020 07:18 PM GMT (03:18 PM EST)

Litecoin closed the previous 4 hours up 0.14% ($0.08); this denotes the 2nd candle in a row an increase has occurred. Those trading within the Top Cryptos asset class should know that Litecoin was the worst performer in the class during the previous 4 hours.

Litecoin Daily Price Recap

The end of a 3 day negative run has come for Litecoin, which finished yesterday up 2.35% ($1.32). This move happened on lower volume, as yesterday’s volume was down 30.03% from the day before — and down 73.44% from the same day the week before. Relative to other instruments in the Top Cryptos asset class, Litecoin ranked 3rd since yesterday in terms of percentage price change. Here is a daily price chart of Litecoin.

Litecoin Technical Analysis

The first thing we should note is that Litecoin is now close to its 20 day averages, located at 59.58 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. This may setup an interesting opportunity for traders looking to buy dips in anticipation of the primary trend resuming. For another vantage point, consider that Litecoin’s price has gone up 8 of the previous 14 trading days.

Overheard on Twitter

Behold! Here are the top tweets related to Litecoin:

• From ashtoshii:
  

  It’s funny how the “litecoin fam” get behind a dad clearly encouraging his daughter to play into the industry she’s attempting to get into. You wanna make sure your daughter has a fair chance and makes a difference? Have her spread actual knowledge. Not ask dumb ass fkn Qs for..

• From GreyEyedJewel:
  

  @litecoin_bull My friends are blown away!!! They have been going over some of the research I gave them and a realizing how they have been lied to!!! Their friends are asking for help now too!!! Looks like I will have a group of at least 11 here tomorrow!!! Wish me luck!!! 😉

• From MASTERBTCLTC:
  

  Every day there are people just like me across the entire globe purchasing, using and HODLn Litecoin we are unstoppableLitecoin is a movement come join us help us make the best sound money